Sun Country Airlines (NASDAQ:SNCY) Announces Quarterly Earnings Results

Sun Country Airlines (NASDAQ:SNCY) posted its earnings results on Monday. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02), Briefing.com reports. The business had revenue of $311.50 million for the quarter, compared to analyst estimates of $316.23 million. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. Sun Country Airlines’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS.

Sun Country Airlines Trading Down 8.0 %

Shares of SNCY stock opened at $11.34 on Thursday. Sun Country Airlines has a twelve month low of $11.30 and a twelve month high of $23.80. The company has a market capitalization of $604.04 million, a price-to-earnings ratio of 9.29, a PEG ratio of 0.47 and a beta of 1.63. The firm has a 50-day moving average price of $14.31 and a 200 day moving average price of $14.54. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.09.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SNCY shares. TD Cowen lowered their target price on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday. Susquehanna reissued a “neutral” rating and issued a $15.00 price objective (down from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Barclays lifted their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Finally, Morgan Stanley upgraded Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sun Country Airlines currently has an average rating of “Moderate Buy” and an average target price of $19.17.

Insider Activity

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the sale, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at approximately $1,793,620.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 5,073 shares of company stock valued at $72,944 over the last 90 days. Insiders own 3.50% of the company’s stock.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.